Kummar

Tweets/Views are personal

[Advait Arora @WealthEnrich]

If your GOAL is ₹2 Cr, ₹5 Cr or ₹10 Cr by 60, this simple table shows how much MONEY you need to invest every month. PLEASE REMEMBER: "The earlier you start, the easier it gets"!

[Neil Borate @ActusDei]

India is giving rich NRIs a BIG subsidy. But why?
Imagine if your government offered you a 15% per year tax-free return in dollars over a 5 year period. Tax-free and risk-free. You might tell me I'm mad. But this is exactly what India is offering NRIs under its leveraged FCNR scheme. Almost nothing can compete - stocks, bonds, nothing! One starts to wonder if moving to Dubai is actually an option!

How does it work
The NRI has $100,000 and borrows, say another $900,000. The resulting $1 million corpus earns, say a 6% FCNR interest which is $60,000 per year. On the $900,000 he pays, let's say 5%. An outflow of $45,000. He is left with a net $15,000 which is 15% return. Tax-free in India. If you live in the gulf, then tax-free in general. All this offered by nationalized banks which takes away default risk. The nationalized banks are offering the deposits. The loan is coming from their GIFT city branches or foreign banks with whom they've stitched up partnerships. The only catch is a lock-up of your capital for 3-5 years. But that doesn't seem like a big issue. Also the deposit has to be booked till September 30th. So it is a one-time window.

Why this route?
The FCNR route is somewhat convoluted. India could have simply issued a dollar bond at 6% and sold it to all dollar investors, regardless of them being NRI or not. Even residents with foreign earnings or assets could have been allowed to invest.

Who will pay the price?
Remember that RBI has backstopped the deposits, meaning it will have to repay the dollars after 3-5 years. That ultimately means us as taxpayers. We as a country are borrowing from NRIs and we will have to repay them.

[Kummar @kumar_sachwani]

@rushikesh_agre_ You mean water cut tomorrow, 15-July? 14 is already over!

[Magnus Lindberg @MagnusLindbrg]

No matter how much you train, you can't lose fat unless you fix your food.

These are the 8 foods I have clients eat every day:

1. Fruit. No limits.

[Kummar @kumar_sachwani]

@MehulThakkar_ Bro, come to Kandivali, direct competition with SoBo rates.

[Kummar @kumar_sachwani]

@Finance_Weights Where can we find such roles?

[IT Guy @T3chFalcon]

A 19-year-old hacker used VPNs, tunneling tools, and rotated IPs across 3 countries. The FBI still caught him. Here's the Windows feature that made it possible and why it should concern everyone.

Peter Stokes, an alleged member of Scattered Spider (the group behind $100M+ in ransomware extortion), was arrested at Helsinki Airport this April. Court documents revealed a key piece of evidence: Microsoft's GDID.

What is a GDID?
GDID = Global Device Identifier. It's a unique code baked into every Windows installation. Microsoft uses it for telemetry, crash reports, feature usage, and license verification (it's why swapping your CPU can break your Windows activation).

What Microsoft gave the FBI:
→ Web activity with timestamps
→ Gaming history
→ IP addresses used over time
→ Tool usage (including Ngrok, a tunneling app)
→ Azure account activity

All tied to one persistent device fingerprint. Even though the VPN masked his IP, it didn't affect the GDID.

How they connected the dots:
Every time Stokes logged in to Snapchat, Apple, or Facebook from a new IP address, the GDID was there too. Investigators matched timestamps across platforms and countries: Tallinn, New York, Thailand, Germany. Different IPs. Same machine. Same person.

Microsoft had already identified him in October 2024 and filed a criminal referral. He was still 17. So they waited till He turned 18. Then they moved.

Yes, Stokes is accused of serious crimes. But the GDID data exists on every Windows machine, including yours. The infrastructure that handed his entire digital life to the FBI is the same infrastructure running on your laptop right now.

The unanswered questions:
- There's no public policy on when Microsoft shares GDID data

- No known opt-out mechanism

- No transparency report specifically covering GDID disclosures

- What other criminal referrals has Microsoft quietly filed?

[Andy Jassy @ajassy]

Really enjoyed my meeting with Prime Minister @narendramodi about what’s ahead for Amazon in India.

We’ve been serving customers, sellers, developers, startups, and enterprises in India for more than a decade and just getting started.

Shared that we’re investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure.

By 2030, we plan to support 3.8 million jobs, enable $80 billion in ecomm exports, and bring benefits of AI to 15 million small businesses and 4 million government school students.

Excited about what’s ahead. Still early days for what we can build. https://t.co/sxkRka2Qng

[Kummar @kumar_sachwani]

@kunalb11 Fantastic news! Wish you the best 👍

[Kunal Shah @kunalb11]

It’s been a minute.

2015–2018
- Exited FreeCharge. Spent time learning and investing.
- Pondered about: Why can't trust be rewarded? Started with $1M of personal capital.
- Launched CRED to reward people for paying credit card bills on time.

2019–2025
- Built a system run by a team that values ownership, judgment, and craft.
- Grew from 0 to 17M members by aligning incentives with behaviour.
- Built several products during COVID lockdowns.
- Raised $900M+ from global investors. Did 4 ESOP buybacks.
- Made Indiranagar and IPL ads slightly more interesting.
- Received a full stack of regulatory licences.
- Lost 35 kilos.
- Scaled from 0 to ~$325M ( ~₹3,200 crore) in annual revenue across payments, lending, insurance, commerce, wealth, and credit cards.
2026
- First profitable quarter (yet occasionally asked what our business model is)
- Raised another $900M from Meta in primary and secondary capital.
- Announcing our 5th ESOP buyback.

Today

CRED is ready for its next phase. I am stepping back and @miten steps in as interim CEO, partnered with an incredibly talented team. He has been heading strategy and finance and suffering me since 2020. I’m stepping away from the operating role and will continue as a shareholder. My commitment doesn’t change. Just the role.

Extremely grateful to our members, partners, regulators, and investors who made this possible. And to our board, Shailendra, Micky, Saurabh for their extraordinary conviction.

Team CRED, I’ll still expect you to be a 10x version of yourselves.

As for me, I’ll be joining Meta to lead WhatsApp globally.

Meta comes in as a minority investor in CRED. No access to member data.

While it’s come very far, the delta between WhatsApp today and its full potential is massive. I look forward to working with Mark, Chris, and the leadership across Meta for the next step in WhatsApp’s journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.

Onwards.

[Deedy @deedydas]

A 19-year old broke into India's largest high school examination system of 2M+ students a year, the CBSE, and was able to view and CHANGE any students' marks.

He responsibly wrote to the team 3 months ago, and it took them 3 days to fix only one of the issues. Today, they took the entire website down.

This is a absolute embarrassment. The futures and lives of millions rests in the hands of the utterly incompetent. There is also no mass media reporting on the matter.

This topic is close to me because not only is this the education system I went through, but 12 years ago and silently for 5yrs since, I'd written about and reported a much less severe vulnerability allowing me to scrape these results too. More than a decade later, not much has changed.

This 19yo, Nisarga Adhikary, wrote a great piece outlining each vulnerability he reverse engineered:
- the master password leak
- the client-side 2fac / OTP validation workaround
- tokenless access to the entire internal app (dashboard, evaluator details, etc) setting dummy browser values
- changing any password without knowing the old one
- an IDOR vuln allowing you to act as any user and edit exam marks

For those interested in a beautiful study in security breaches, this is a must read (link below).

If there's any light at the end of the tunnel, it's that a 19yo who never went to college can do things 99% of top engineers couldn't figure out.

[Ritesh Jain @riteshmjn]

Blue collar is the new white collar

1. Ageing western societies, South Korea, Japan , Taiwan and isreal put together will clean out India”s healthcare workers.

2. Ukraine, Russia, Israel,GCC reconstruction will clean out India”s construction workers

3. West Bengal elections will clean out illegal immigrant workers who are currently suppressing wages in India.

4. Agniveers will get all expenses paid with citizenship thrown in to enlist in western world armies.

[Sandeep Jethwani @sandeepjethwani]

If the 40 crore retirement number I shared shocked you, this post is for you.

Here is what I said. If you are 40 today, spending 2 lakh rupees a month, with no EMIs to service, and you want to retire at 60, you will need 40 crore rupees.

The comments had a lot of pushback. The number feels impossible. It is not. Let me show you why.

Two assumptions drive this number. Inflation and life expectancy. Both are higher than what regular retirement calculators assume. Both are right.

Start with inflation. Retail CPI in India is 5 to 6%. That is the inflation of atta, dal, and bus fare. It is not the inflation of an affluent household.

Private healthcare in India runs at 12 to 14% every year. Domestic staff wages in metros are growing at 10 to 12%. Premium school fees, international travel, club memberships. All of these inflate between 8 and 10%. Blend them and you get 9%. That is the real inflation rate of an HNI lifestyle.

Now life expectancy. Most Indians plan their retirement assuming they will live to 75 or 80. That is what national averages suggest. But national averages are pulled down by infant mortality and rural data. They have nothing to do with how long a healthy, affluent Indian actually lives. For a couple aged 65 today, there is a 71% probability that one partner reaches 85. A 44% probability that one reaches 90.

Now the math.

2 lakh rupees a month at 9% inflation becomes 11 lakh 20 thousand rupees a month at age 60. That is an annual spend of 1.34 crore.

Plan for 30 years of retirement. Your retirement portfolio which is focused on capital preservation (60% fixed income: 40% equity) earns 9%. Your Inflation is also 9%. Your real return is zero.

So corpus needed equals 30 multiplied by 1.34 crore. That is 40 crore.

Here is the good news. This number is not as far away as it looks. At 12% returns before retirement, 40 crore at age 60 translates to roughly 4 crore today for a 40 year old.

The point of this message is not to scare you. It is to make sure you understand the silent erosion of purchasing power that inflation causes.

[Kummar @kumar_sachwani]

@beingwingman @VishalBhargava5 Which project is this, please bring it in public domain

[Kummar @kumar_sachwani]

@MumbaichaDon @grok, verify this news

[Kummar @kumar_sachwani]

eavy traffic jam at Akurli Road, kandivali east, Lokhandwala.

Going in from highway

Need immediate assistance

@CPMumbaiPolice
@MumbaiPolice
@MTPHereToHelp
@BhatkhalkarA
@lramovement

[Dr. Julie Gurner @drgurner]

"Life will test how serious you are. Not with one big moment, but with a thousand small chances to quit."

Conquering the small things no one sees, is often how you conquer the big things everyone cheers for.

[Dr. Julie Gurner @drgurner]

The world is hard enough for people…

Just be a good person. Work your tail off. Make money. Be kind. Support others who are trying.

[Kummar @kumar_sachwani]

Same issue today also

[Kummar @kumar_sachwani]

Heavy traffic jam at Akurli Road, kandivali east, Lokhandwala.

Going in from highway

Need immediate assistance

@CPMumbaiPolice
@MumbaiPolice
@MTPHereToHelp
@BhatkhalkarA
@lramovement

[Sachin Bhatt @sac666]

@EmiratesSupport Hi, I have a booking for EK501 BOM-DXB connecting to EK035 DXB-NCL on Sunday 8 March 2026. Can you confirm if these flights are expected to operate as scheduled on the 8th? Will transit passengers be accepted and the connection protected? Thanks #Emirates